Federal Reserve
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Op-ed: Inflation near 3%, but four sectors outpace wages
Inflation is running at about 3% a year, but prices for housing, healthcare, childcare and higher education are rising much faster than wages, according…
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Fed Expected to Hold Interest Rates Despite Rising Inflation
The Federal Reserve is expected to leave interest rates unchanged on Oct. 28, according to the Associated Press, even though inflation has picked up…
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Consumer confidence rises to 91.7 in October as gas prices ease
Consumer confidence rose 7.5 points to 91.7 in October as gas prices eased, the Conference Board said on Oct. 27. The index is still…
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Big Tech Earnings Test AI Spending as Borrowing Costs Stay High
Alphabet, Microsoft and Amazon report earnings this week as investors ask whether heavy AI spending is paying off. With interest rates high and inflation…
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Asian Shares Slip and Oil Falls After Wall Street Decline
Most Asian stock markets fell on Monday, Oct. 26, and oil prices dropped after climbing to their highest level in more than four years.…
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Gasoline Pushes September Inflation to 3.7%, Above Forecasts
Consumer prices rose 0.6% in September and 3.7% from a year earlier, the Bureau of Labor Statistics said on Oct. 14. The annual rate…
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Trump Orders Nov. 5 Hearing on Fed Governor Cook’s Mortgage Claims
President Trump created a three-member committee to examine whether Federal Reserve governor Lisa Cook made false statements on mortgage documents, with a hearing set…
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Fed’s Jefferson Says Labor Market Has Stabilized Ahead of Jobs Report
On Oct. 1, Fed Vice Chairman Philip Jefferson said labor market conditions have stabilized, a day before the government’s September jobs report was due.…
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Fed Survey: Consumers Expect 3.9% Inflation, Highest Since May 2023
A New York Federal Reserve survey reported on Oct. 7 found the median 12-month inflation expectation rose to 3.9% in September, the highest since…
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